Corner Squared

6/56, Apollo Drive, Albany, North Shore City

Auction

Proposed Usage
Retail
Description:
Property ID
1c2wtsr

- Tenanted retail investment (cafe tenant)
- Six (6) year long term lease returning $49,500pa + GST and outgoings
- Corner unit with exposure to Apollo Drive and Arrenway Drive
- Ample parking and multiple access points to the site
- Located in a busy retail complex surrounded by corporate tenants
- AUP (OP) zoned General Business

This prime retail investment is well positioned at the corner of a busy retail complex, fronting Apollo Drive and Arrenway Drive. This property comprises of a retail area of approximately 90sqm. The floor to ceiling glazing across the wide dual frontage offers excellent natural sunlight during business hours. The brand new modern fit-out offers a cosy environment to customers.

56 Apollo Drive is a new retail development surrounded by various corporate headquarters, medical practices, and the AUT Millennium Centre. Completed in December 2016 by KEA Property Group, this vibrant retail centre has 13 retail units, a childcare centre, and 54 unallocated car parks on a corner site of 5,218sqm (more or less).

Leased to Duck Duck Goose, a modern family style cafe and eatery with a fusion twist. The six (6) year lease is returning $49,500pa + GST and outgoings with market and CPI rent reviews. A rental bond is provided by the tenant during the lease term.

Auction (unless sold prior)
11am, Wednesday 8th August 2018
Bayleys House, 30 Gaunt Street,
Auckland Central..

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Albany Area